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Paxos has agreed to pay $48.5 million to the New York Department of Financial Services (NYDFS). This is to resolve allegations related to inadequate due diligence on its former partner,…
On December 3, the U.S. government moved $33.6 million worth of cryptocurrency seized during the collapse of FTX and Alameda Research to two unidentified addresses. The transfers involving tokens such…
Binance’s token BFUSD has already sparked speculation even before its launch. It all started with Binance’s introduction of the new asset on Monday which offers 19.55% APY, positioning itself as…
Paxos – the blockchain infrastructure platform behind the Binance USD (BUSD) stablecoin – announced on Thursday that regulators have forfeited their investigation into the firm concerning its dollar-pegged tokens. The…
TL;DR BUSD Support Ends: Binance to cease support for BUSD products from December 15, 2023, with all BUSD withdrawals stopping on December 31. Balances will be converted to FDUSD at…
TL;DR Binance, recently penalized $4.3 billion by the US DOJ for money laundering and with its former CEO, Changpeng Zhao, fined $50 million, has appointed Richard Teng as the new…
DAI stablecoin, with a circulation of around $4.6 billion, has surpassed BUSD amidst mounting legal troubles for the world’s largest crypto exchange, Binance. The market capitalization of BUSD has declined…